WASHINGTON, D.C. — The entertainment industry’s business backbone gathered in West Thursday to discuss the evolving landscape of digital media, with prominent figures addressing the intersection of creative talent and technological disruption.

Variety’s annual Business Managers Breakfast, presented by City National Bank, served as a central forum for the 2026 Business Managers Elite. The event highlighted the critical role of business managers in navigating complex financial structures for high-profile talent. While the atmosphere was celebratory, the conversations were grounded in pressing economic realities facing the sector.

Comedian and actor JB Smoove engaged attendees on the importance of maintaining artistic integrity amidst rapid technological shifts. His presence underscored the industry’s ongoing debate regarding the impact of artificial intelligence on creative output. Smoove’s remarks reflected a broader sentiment among performers who view AI not just as a tool, but as a potential threat to traditional creative workflows.

Meanwhile, industry veteran Evan Shapiro provided a detailed breakdown of the digital entertainment economy. Shapiro’s analysis focused on how streaming platforms and digital distribution channels are reshaping revenue models for talent. His insights offered a strategic roadmap for managers seeking to maximize client value in a fragmented market.

Key Takeaways

• Citrin Cooperman’s Arnie Herrmann was recognized as a Business Manager of the Year, highlighting the firm’s growing influence in entertainment finance.
• Discussions centered on the financial implications of AI adoption, with experts cautioning managers to diversify income streams beyond traditional licensing deals.
• The event reinforced the necessity of specialized financial advisory services as the entertainment sector faces increased regulatory scrutiny and market volatility.

Investors monitoring the entertainment sector are advised to note the increasing emphasis on data-driven management strategies. As the cost of living and consumer spending habits continue to fluctuate, the ability of business managers to secure long-term stability for their clients has become a key indicator of industry health. The consensus at the event suggests that adaptability remains the primary asset for both talent and their financial representatives.

The gathering in West Hollywood signifies a broader trend toward transparency in entertainment business practices. By bringing together top achievers, Variety aims to set standards for ethical and strategic management. For stakeholders, the takeaway is clear: the future of entertainment finance depends on a balanced approach that honors creative value while leveraging digital efficiency.